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Becoming the first to offer a bitcoin ETF, which most experts agree is inevitable, would have marked a moment of redemption for the twins. The rejection of the Winklevoss proposal also does not necessarily end the prospects for a bitcoin ETF. The agency noted that, to be approved, an exchange offering a bitcoin ETF would need “surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. Bogart said even the fact the SEC took nearly four years to investigate bitcoin might seem to somewhat legitimize bitcoin to investors. Bogart, who used to work at ETF.com said he had never seen an ETF decision be so closely watched.

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Using Google Trends to Detect Bitcoin Price Bubbles

Simply put, Google Trends is a great way to track the growth of active bitcoin users. In this guest piece, Woo discusses the recent run-up in bitcoin price, and the methods he uses to determine if and when bitcoin is overvalued. The search ‘BTC USD’ serves as a proxy for the engagement of active bitcoin users as they check the daily price. When engagement levels run high, bitcoin users are in party mode, checking the price daily of their precious coin. If engagement levels are too high, that’s when we are in a price bubble, and it’s a good time to sell.